We Are The Banks

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Little do we realize that ... We Are The Banks!

President Abraham Lincoln implemented a Monetary Policy in his administration that was based on the above truth. The account below, related by Henry C. Carey in 1865, explained what effect this truth had on our economy back then. It can have the same effect today - IF we realize that We Are The Banks. We only need a common clearinghouse of our own to implement it!

The Currency Question

Top Secret Banker's Manual

"Per Federal Reserve Bank publication 'Modern Money Mechanics', page 6, the bank opened up a checking account under your name and deposited the note. Then the bank withdrew the money from your account without your knowledge, permission or authorization and returned it to you as a loan." pg 53

Modern Money Mechanics

"What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers' transaction accounts." pg 6

Two Faces of Debt

"A deposit created through lending is a debt that has to be paid on demand of the depositor." pg 19

Lincoln vs Banks

Jefferson vs Banks

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